Restriction on Short Sales. The Buyers agree that, so long as any of the Debentures remain outstanding, the Buyers will not enter into or effect any "short sale" (as such term is defined in Rule 3b-3 of the ▇▇▇▇ ▇▇▇) of the Common Stock or hedging transaction which establishes a net short portion with respect to the Common Stock.
Appears in 2 contracts
Sources: Securities Purchase Agreement (Visijet Inc), Securities Purchase Agreement (Visijet Inc)